Lake Street Private Wealth LLC Has $1.35 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lake Street Private Wealth LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,193 shares of the semiconductor manufacturer’s stock after selling 754 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Advanced Micro Devices were worth $1,352,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMD. Trivant Custom Portfolio Group LLC boosted its stake in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 25,319 shares of the semiconductor manufacturer’s stock worth $3,058,000 after buying an additional 663 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Brooklyn Investment Group grew its stake in Advanced Micro Devices by 5.1% in the fourth quarter. Brooklyn Investment Group now owns 12,457 shares of the semiconductor manufacturer’s stock valued at $1,505,000 after purchasing an additional 605 shares in the last quarter. Sax Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $514,000. Finally, Professional Advisory Services Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $13,660,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. Loop Capital began coverage on Advanced Micro Devices in a research report on Tuesday. They set a “buy” rating and a $175.00 price target on the stock. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Finally, Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.61.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $121.46 on Friday. The stock has a 50-day moving average price of $130.47 and a two-hundred day moving average price of $145.58. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The company has a market capitalization of $197.11 billion, a PE ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.